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NEW YORK: Oil prices moved a shade higher on Tuesday as rising demand from the approach of the Northern Hemisphere's summer driving season and lifting of coronavirus restrictions mixed with worries that Iran's possible return to the market will cause a supply glu
Part I: High quality growth to sustain global leadership
KUALA LUMPUR: The profit-taking activities on the domestic market continued on Tuesday morning amid a negative performance on Wall Street overnight and ahead of the US corporate earnings season that begins this week.
MOST emerging Asian share markets climbed on Friday as investors focused on signs of economic recovery, taking positive cues from a bounce back in Chinese equities even as concerns from rising tensions between the West and Beijing loomed.
KUALA LUMPUR: The FBM KLCI extended its advance on Tuesday on continued bullishness in recovery-themed stocks, in tandem with a rotational shift out of tech stocks.
BEIJING: China has set a sound growth target for 2021, leaving room for policymakers to carry out arduous reforms to tackle bottlenecks constraining sustainable development.
FOCUS will be on Bank Negara’s monetary policy decision. Bank Negara’s Monetary Policy Committee (MPC) is scheduled to meet on Thursday to review the overnight policy rate (OPR).It has maintained the OPR unchanged at 1.75% on Jan 20.
BEIJING: Policy advisers and economists defined this year as a time for “policy normalisation”, but they unanimously expected the withdrawal of special fiscal and monetary stimulus to be step by step and moderate. Those policies were rolled out last year because of the Covid-19 pandemic.